Mubadala lets FPSO contract for Jasmine field off Thailand

Mubadala Petroleum awarded a modified contract to Petrofac that extended contracts related to the FPF-003 floating production, storage, and offloading vessel (Jasmine FPSO) for Jasmine oil field offshore Thailand.

A new agreement covering the life of the field involves operations and maintenance services potentially until 2023. Mubadala and PetroFirst Infrastructure Ltd. also signed an extension to an associated charter lease for the vessel Bareboat Charter.

Ultimate field life for Jasmine field depends on continued infill drilling, operational efficiency, and commodity prices. Jasmine field already produced more than 60 million bbl.

Mubadala operates Jasmine field and holds 100% interest. Current average production is 13,000 b/d.

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